BTR Capital Management Inc. decreased its position in EOG Resources Inc. (NYSE:EOG) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,773 shares of the energy exploration company’s stock after selling 140 shares during the period. BTR Capital Management Inc.’s holdings in EOG Resources were worth $2,783,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors boosted its stake in shares of EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock worth $3,599,663,000 after buying an additional 1,423,493 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,329,789 shares of the energy exploration company’s stock worth $3,280,891,000 after buying an additional 680,874 shares in the last quarter. State Street Corp boosted its stake in shares of EOG Resources by 1.0% in the second quarter. State Street Corp now owns 27,064,265 shares of the energy exploration company’s stock worth $2,257,702,000 after buying an additional 268,950 shares in the last quarter. Capital World Investors boosted its stake in shares of EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock worth $1,288,130,000 after buying an additional 2,246,141 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of EOG Resources by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,915,769 shares of the energy exploration company’s stock worth $994,014,000 after buying an additional 322,970 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

EOG Resources Inc. (NYSE:EOG) traded down 1.10% during mid-day trading on Tuesday, hitting $92.44. 4,010,441 shares of the stock were exchanged. The company has a 50 day moving average price of $93.64 and a 200 day moving average price of $88.15. EOG Resources Inc. has a 52 week low of $57.15 and a 52 week high of $98.32. The stock’s market cap is $53.29 billion.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.09. The business earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. EOG Resources’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. Analysts expect that EOG Resources Inc. will post ($1.76) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 17th were issued a $0.1675 dividend. The ex-dividend date was Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. EOG Resources’s dividend payout ratio is -29.65%.

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EOG has been the subject of several recent analyst reports. Wunderlich upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from $79.00 to $104.00 in a research note on Monday, August 8th. Citigroup Inc. raised their target price on shares of EOG Resources from $88.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Deutsche Bank AG upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $96.00 in a research note on Friday, August 5th. FBR & Co set a $108.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Monday, September 19th. Finally, Guggenheim upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Friday, November 11th. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average target price of $96.98.

In other news, EVP Michael P. Donaldson sold 8,473 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $91.00, for a total value of $771,043.00. Following the transaction, the executive vice president now owns 66,566 shares in the company, valued at approximately $6,057,506. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total value of $1,539,711.66. Following the completion of the transaction, the chief executive officer now owns 502,766 shares in the company, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

About EOG Resources

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

5 Day Chart for NYSE:EOG

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